Sixty Six Book Value Per Share vs. Current Valuation
| SSOF Stock | USD 0.0001 0.00 0.00% |
For Sixty Six profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sixty Six to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sixty Six Oilfield utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sixty Six's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sixty Six Oilfield over time as well as its relative position and ranking within its peers.
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Sixty Six Oilfield Current Valuation vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sixty Six's current stock value. Our valuation model uses many indicators to compare Sixty Six value to that of its competitors to determine the firm's financial worth. Sixty Six Oilfield is currently regarded as top stock in book value per share category among its peers. It also is currently regarded number one company in current valuation category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Sixty Six's earnings, one of the primary drivers of an investment's value.Sixty Current Valuation vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 2.46 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Sixty Current Valuation vs Competition
Sixty Six Oilfield is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Oil & Gas Equipment & Services industry is at this time estimated at about 137.51 Million. Sixty Six claims roughly 2.46 Million in current valuation contributing just under 2% to all equities under Oil & Gas Equipment & Services industry.
Sixty Six Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sixty Six, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sixty Six will eventually generate negative long term returns. The profitability progress is the general direction of Sixty Six's change in net profit over the period of time. It can combine multiple indicators of Sixty Six, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Sixty Six Oilfield Services, Inc. sells and rents heavy oil field equipment to the oil and gas industry in the United States and internationally. Sixty Six Oilfield Services, Inc. was founded in 1959 and is based in Oklahoma City, Oklahoma with additional facilities in Germany and Dubai. Sixty Six operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 1 people.
Sixty Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sixty Six. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Sixty Six position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Sixty Six's important profitability drivers and their relationship over time.
Use Sixty Six in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sixty Six position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sixty Six will appreciate offsetting losses from the drop in the long position's value.Sixty Six Pair Trading
Sixty Six Oilfield Pair Trading Analysis
The ability to find closely correlated positions to Sixty Six could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sixty Six when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sixty Six - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sixty Six Oilfield to buy it.
The correlation of Sixty Six is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sixty Six moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sixty Six Oilfield moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sixty Six can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Sixty Six position
In addition to having Sixty Six in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Restaurants Thematic Idea Now
Restaurants
Entities that are involved in restaurant business, as well as coffee shop chains and other eateries. The Restaurants theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Restaurants Theme or any other thematic opportunities.
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Other Information on Investing in Sixty Pink Sheet
To fully project Sixty Six's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sixty Six Oilfield at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Sixty Six's income statement, its balance sheet, and the statement of cash flows.